CME plans to launch cash-settled Bitcoin volatility futures

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BlockBeats News, May 6 — CME Group plans to launch a cash-settled 30-day Bitcoin volatility futures on June 1, pending regulatory approval. The product will allow traders to directly trade or hedge BTC volatility without betting on Bitcoin price direction. The trading symbol is expected to be BVI, with a contract size of $500 multiplied by the BVX index value, and will be settled based on the CME CF Bitcoin Volatility Index (BVX). BVX is a 30-day implied volatility indicator calculated based on CME-regulated Bitcoin and Micro Bitcoin options order books overseen by the CFTC.

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